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1315 W 104th St 6 Unit Apartment Building $1,690,000 ($281,667/Unit) 7% Cap Rate Los Angeles, CA 90044
EXECUTIVE SUMMARY
Introducing a turnkey 6-unit multifamily investment in South Central Los Angeles, listed at $1,690,000. This high-yield opportunity features four fully occupied units in the main structure, leased to model Section 8 tenants, providing stable, government-backed rental income. In addition, two brand-new rear units have just been completed and are delivered vacant, allowing the buyer to lease at full Section 8 voucher rates of $2,172 per month per unit, maximizing rental income from day one.
The newly constructed rear units were designed with modern finishes, featuring tile and marble flooring, sleek countertops, and high-end showers, along with in-unit washer/dryer hookups—offering an elevated living experience that will attract long-term tenants. All six units are individually metered, ensuring minimal ownership expenses and simplifying utility management.
This property is positioned to deliver strong cash flow with a 7.0% proforma cap rate at full occupancy. The combination of stable Section 8 rents, new construction upside, and high-demand rental market fundamentals makes this an ideal investment for buyers looking for consistent returns and long-term appreciation in one of LA’s most active multifamily submarkets.
Please DO NOT DISTURB tenants. Reach out to Sasha at 424.888.3695 or sasha@southparkgroup.com
The newly constructed rear units were designed with modern finishes, featuring tile and marble flooring, sleek countertops, and high-end showers, along with in-unit washer/dryer hookups—offering an elevated living experience that will attract long-term tenants. All six units are individually metered, ensuring minimal ownership expenses and simplifying utility management.
This property is positioned to deliver strong cash flow with a 7.0% proforma cap rate at full occupancy. The combination of stable Section 8 rents, new construction upside, and high-demand rental market fundamentals makes this an ideal investment for buyers looking for consistent returns and long-term appreciation in one of LA’s most active multifamily submarkets.
Please DO NOT DISTURB tenants. Reach out to Sasha at 424.888.3695 or sasha@southparkgroup.com
PROPERTY FACTS
| Price | $1,690,000 | Apartment Style | Low-Rise |
| Price Per Unit | $281,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 7% | Building Size | 3,500 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1912/2023 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $1,690,000 |
| Price Per Unit | $281,667 |
| Sale Type | Investment |
| Cap Rate | 7% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 3,500 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1912/2023 |
| Opportunity Zone |
Yes |
UNIT AMENITIES
- Storage Space
- Washer/Dryer Hookup
- Kitchen
- Tub/Shower
- Yard
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Gated
- Storage Space
- Walk-Up
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PROPERTY TAXES
| Parcel Number | 6060-007-016 | Improvements Assessment | $192,474 |
| Land Assessment | $520,200 | Total Assessment | $712,674 |
PROPERTY TAXES
Parcel Number
6060-007-016
Land Assessment
$520,200
Improvements Assessment
$192,474
Total Assessment
$712,674
ZONING
| Zoning Code | LCR320U |
| LCR320U |
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1315 W 104th St
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